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Finance News Summary Today — Page 109
Stock market, bitcoin, oil prices and economic news — daily finance summary
10-Year Yield Hits 2nd-Highest of Year on Iran Oil Shock
The bond market is sounding alarms the stock market isn't hearing: with oil spiking above post-cease-fire levels and inflation running hot, Treasury yields are climbing and Fed rate cuts are looking i
Bill Ackman's Pershing Square USA fund falls sharply in public market debut
Bill Ackman's Pershing Square USA raised $5 billion in a dual‑listing IPO, but its closed‑end fund PSUS slid 18% to $40.90 on debut, underscoring the risk of retail‑focused hedge‑fund vehicles even as
S&P 500 edges lower as oil rises, traders brace for Fed decision and Big Tech earnings: Live updates - CNBC
The S&P 500 slipped below 7,100 as oil surged to $80 a barrel amid Iran’s Strait of Hormuz shutdown, while investors brace for the Fed’s rate decision and a wave of Big Tech earnings; OpenAI’s interna
Dow Falls 300+ Points, Logs 5-Session Skid as Fed Holds Rates
Stocks ended mostly lower on April 29, 2026, with the Dow falling over 300 points for a fifth straight losing session, as the Federal Reserve held rates steady in what may have been Jerome Powell's fi
Investor Relations Prove Key to Token Valuation
Jordan Brewer argues that institutional‑grade investor relations—especially regular forward‑guidance calls—are the hidden lever driving token performance, a view underscored by Ranger Finance’s rapid
With war, trade woes and a shrinking population, the Bank of Canada was right to hold rates
The Bank of Canada kept its policy rate at 2.25% as March inflation rose to 2.4%, a move backed by economists Jeremy Kronick and Steve Ambler who argue that war‑driven oil shocks, supply‑chain strains
Wall Street is coming to Consensus Miami — and it’s not just to watch
Consensus Miami 2026 will host over 15,000 attendees, with institutional representation surging to about 35% of the crowd and roughly $10 trillion in assets under management. Morgan Stanley, JPMorgan
A million-dollar gold bear emerges ahead of the Fed decision
A bold options trader bets $1 million on a 15% drop in gold by mid-July, selling $450 calls and buying $360 puts in GLD, countering gold’s 125% rally as Fed rate expectations and rising Treasury yield
SoFi's unchanged 2026 forecast eclipses record results, shares fall - Reuters
SoFi posted record lending and doubled earnings, yet its stock dropped sharply because investors were disappointed by the unchanged 2026 financial forecast, which signaled caution despite strong curre
Fed Holds Rates, Oil Jumps on Iran Blockade, Earnings
Wall Street opened mixed as the Fed kept rates steady, oil prices surged on a potential Iranian port blockade, and major tech and consumer firms reported divergent earnings.
OpenAI Misses Revenue Targets as Oil Futures Jump
Oil futures surged as earnings from major tech and energy firms lifted market sentiment, while OpenAI stumbled, missing its revenue and user targets and scrambling to shift 10 Prism engineers to Codex
Paul Tudor Jones: Bitcoin Beats Gold as Inflation Hedge
Paul Tudor Jones declares Bitcoin a superior inflation hedge to gold amid fading faith in equities, while Robinhood stumbles on falling crypto revenue and Pump.fun reshapes its tokenomics with a massi
U.S. Federal Reserve, Bank of Canada keep key interest rates unchanged amid elevated inflation concerns
The Fed kept its policy rate at 3.5‑3.75% amid rising inflation and Middle‑East turmoil, while the Bank of Canada prepares its next decision and global oil prices stay above $100 a barrel.
UAE Exits OPEC After 60 Years, Shaking Oil Cartel
The United Arab Emirates has announced its departure from OPEC after nearly six decades, a move that stunned the oil cartel and sent oil prices higher. While the exit weakens OPEC’s production coordin
S&P 500 futures rise before Mag 7 earnings Fed decision
Wall Street’s S&P 500 futures nudged higher as investors brace for earnings from the seven biggest tech stocks and the Federal Reserve’s final interest‑rate decision under Chair Jerome Powell. CNBC, W
Nvidia CEO says AI careers will spark new revolution
Nvidia’s CEO Jensen Huang told investors that AI‑centric careers will thrive and drive a new industrial revolution, while also asserting that no rival can match Nvidia’s performance per dollar. The co
CNBC Daily Open: UAE leaves OPEC adrift
The UAE’s surprise exit from OPEC on May 1, driven by a push to reach 5 million barrels per day by 2027, is shaking the oil cartel’s cohesion just as markets digest mixed earnings and a looming Fed de
Robinhood dips as Q1 earnings miss and crypto revenue, volume fall nearly 50%
Robinhood posted a Q1 profit but missed earnings expectations, with revenue down 6.1% and EPS off 11.6%, triggering a 9.4% share decline. Crypto revenue fell 34% as market volatility hit trading volum
Visa outlines full-year net revenue growth of low double-digit to low teens amid $33B total buyback capacity (NYSE:V) - Seeking Alpha
Visa projected full‑year net revenue growth in the low‑double‑digit to low‑teen range while unveiling a $33 billion buyback capacity. The outlook sparked a 5% share rally after the Q2 earnings beat, w
Robinhood Shares Slide on 34% Decrease in Crypto Revenue
Robinhood’s Q1 earnings reveal a 34% plunge in crypto revenue to $134 M as Bitcoin slides toward $76 k, forcing the broker’s stock 6% lower. Meanwhile, tech firms like OpenAI are reshuffling engineeri
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